Table 2-5 Table 2-5 Shows the Number of Labor Hours

question 222

Multiple Choice

Table 2-5
Table 2-5 shows the number of labor hours required to produce a cell phone and a board foot of lumber in Estonia and Finland.
-Refer to Table 2-5.What is Finland's opportunity cost of producing one board foot of lumber?

• A)0.25 cell phones
• B)4 cell phones
• C)12 cell phones
• D)16 cell phones

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Definitions:

Few Tenths

A phrase typically used to describe a small quantity or measure, amounting to a fraction of a whole.

Picture-Image

A visual representation of an object, person, or scene produced on a surface.

Short-Term Memory

A cognitive function that holds a small amount of information in an active, readily available state for a short period.

Bits of Information

The smallest units of data in communication and information theory, representing a binary choice or a distinction between two alternatives.